Newer Construction Multifamily
14317 Friar Street Van Nuys, CA 91401
For Sale
$2,750,000
A 2007-built multifamily property with central HVAC, in-unit laundry hookups, and gated parking.
Property Size8,605 SF
Price / SF$319.58
Days on Market47
Property Features for 14317 Friar Street
General Information
Standard status
Active
Size
8,605 SF
Property subtype
Multi-family
Building Details
Year Built
2007
Listing Agency:
Sperry Van Ness
Listed By:
Daniel Baird
(714) 497-3550
Source:
Sevengables
Added: Jun 14
Changed: Jul 27
Last Checked: Jul 29 at 12:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Van Ness
Investment Insights
Based on property information with market context.
Built in 2007, this multifamily apartment property offers spacious units with contemporary layouts and wood-style flooring. Each unit includes central HVAC and in-unit laundry hookups, with ample natural light throughout. The building also features gated parking.
The property is located at 14317 Friar Street in Van Nuys, CA 91401, with convenience to shopping, restaurants, transit, and major commuter routes.
The current offering is described as not being subject to the City of Los Angeles Rent Stabilization Ordinance, though the buyer is advised to verify. This configuration may provide additional operational flexibility for a buyer evaluating an investment acquisition.
The property is located at 14317 Friar Street in Van Nuys, CA 91401, with convenience to shopping, restaurants, transit, and major commuter routes.
The current offering is described as not being subject to the City of Los Angeles Rent Stabilization Ordinance, though the buyer is advised to verify. This configuration may provide additional operational flexibility for a buyer evaluating an investment acquisition.
Key Highlights
- 2007‑built multifamily property with central HVAC throughout
- Units include in‑unit laundry hookup(s)
- Wood‑style flooring and contemporary layouts in spacious units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.6k | $31.80 |
| − Vacancy | −$21.9k | −$2.54 |
| EGI | $251.7k | $29.26 |
| − OpEx | −$113.3k | −$13.17 |
| NOI | $138.5k | $16.09 |
8,605 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,461 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.37M
NOI $322,496 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - A 2007-built multifamily property with central HVAC, in-unit laundry hookups, and gated parking.
Where is this apartment building located?
The property is located at 14317 Friar Street Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 2007‑built multifamily property with central HVAC throughout; Units include in‑unit laundry hookup(s); Wood‑style flooring and contemporary layouts in spacious units
